“The show tried to get Diddy to lower his rate, and he won’t,” an insider told us of the popular “Voice” competitor, which also stars DJ Khaled and Meghan Trainor as panelists and Fergie as the host. “They’re not bringing the show back because of that. The decision isn’t definite yet, but it’s not likely that it will return.”

“The Four” debuted in January 2018 and returned for its second season in June.

We hear a summer premiere wasn’t ideal for the superstar, but Diddy told us his experience with Fox and “The Four” has been stellar.

“[This] story is completely false,” Diddy told us in a statement. “I have a great working relationship with Fox. They have been great partners with me and my family, and this is not how I conduct business. I love this show. It is very special to me.”

Another insider added: “The show is not canceled for good. It’s just not immediately coming back. It’s not on the current slate for midseason.”

But the first source told us there have been multiple talks about switching things up on the show.

“They were talking about replacing judges, as well,” the source said.

We’re told that producers believe that Diddy “is the show,” so replacing him at the table is highly unlikely.

“The Four” got off to a rocky start when then-judge and music exec Charlie Walk found himself embroiled in the #MeToo movement.

“We have a huge amount of respect for Sean, and he has been central to ‘The Four,’” a rep for Fox told Page Six. “We would not do another installment without him. We have a partnership that has worked well for both of us, and we look forward to continuing our relationship with him and his company.”